Download the latest issue of AGCS' biannual magazine Global Risk Dialogue, which contains news and expert insights from the world of corporate risk.
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How does a company doing business with multiple suppliers know whether any of them are mistreating or exploiting their employees? Why does it matter? Businesses increasingly are risking regulatory fines, civil litigation, reputational exposure, shareholder and even official retaliation against directors and officers. Clearly, it is a growing problem – and there’s a lot at stake.
Illegal activity in the supply chain, natural disaster, cyber-attack or accounting irregularities – it doesn’t take much for a company’s reputation to be left hanging by a thread. One of the biggest risks that companies face is the loss of a good name, which cannot be insured against – until now. A new product, Allianz Reputation Protect PLUS, provides financial loss coverage on reduced net operating profits related to a reputational event and assists businesses in crisis communication activities to help them get back their good name.
Collaborative robots – so-called “cobots” – which the Allianz Trend Compass has identified as a major trend that will impact manufacturers in the next five to seven years are increasingly being added to factory floors and manufacturing production lines. What are they? What are the uses, benefits and perils of having machines work “hand-in-arm” with humans?
When Paris’ famed Notre Dame Cathedral went up in flames earlier this year, it was a keen reminder that fire and explosion remains the top cause of loss for commercial businesses. But there are new methods of risk mitigation which can help keep the flames at bay.
An up-close – microscopic – look at damages in an “art gallery” of images captured during research work at The Allianz Center of Technology, which has provided damage analysis, loss prevention and industrial management services for over 80 years, reveals pictures that look like masterpieces at an exhibition!
This issue also looks at the cost of lightning damage in the aviation sector, examines how drone images are used to 3D map construction flood risks, and joins AGCS colleagues on the road in Laos on a risk survey of the ambitious China-Laos Railway project. All that and a discussion with the new Global Head of Marine Claims at AGCS, Régis Broudin, about loss trends in the marine market.
